India's biggest software services firm TCS today reported 10.9% jump in profit to Rs 6,778 crore for the third quarter of the current fiscal.
It had reported net profit of Rs 6,110 crore in the October-December period of last fiscal. The operating profit was at Rs 7,733 crore in the reported quarter.
The company beat Street estimates as it saw substantial jump in revenue from digital services.
Revenue of Tata Consultancy Services was up 8.7% at Rs 29,735 crore in the third quarter of 2016-17, from Rs 27,364 crore in the year-ago period.
On quarter-on-quarter basis, net profit was up 2.9%, while revenue grew 1.5% in the said quarter.
"The resilience of our business model and strength of our operating strategy has been brought to the fore by our performance in Q3, traditionally a quarter of weak demand," TCS MD and Chief Executive N Chandrasekaran said.
"Our strengths in Digital, Platforms and Cloud as well as our deep knowledge of the customers' domain are driving our ability to play a strategic role and make a holistic impact on the business," he said.
To support and sustain the company's digital business that is growing at 30% on an annual basis, TCS continues to build new capabilities in digital technologies, empower employees to enhance agility in the workplace and invest more to develop IP-based platforms and products, he added.